New York Mortgage Trust, Inc. reported net income attributable to common stockholders of $32.4 million, or $0.36 per basic share, for the third quarter ended September 30, 2024. This represents a significant financial improvement for the company during the period.
The company delivered earnings and revenue surprises of 550% and 8.43%, respectively, for the quarter. These figures indicate that New York Mortgage Trust surpassed analyst expectations for both its profitability and top-line performance.
The strong third-quarter results provide a clear indication of the company's current financial health and its ability to generate income. This performance will be a key factor for investors evaluating the company's operational effectiveness.
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